Denmark: Ethanol Market 2025

Ethanol Market Size in Denmark

In 2022, the Danish ethanol market increased by 44% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption posted perceptible growth. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Ethanol Production in Denmark

In value terms, ethanol production declined to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 254%. Ethanol production peaked at $X in 2021, and then shrank in the following year.

Ethanol Exports

Exports from Denmark

In 2022, ethanol exports from Denmark surged to X litres, growing by 399% against the year before. In general, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ethanol exports soared to $X in 2022. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2017 when exports increased by 947% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Sweden (X litres) was the main destination for ethanol exports from Denmark, with a 82% share of total exports. Moreover, ethanol exports to Sweden exceeded the volume sent to the second major destination, the Netherlands (X litres), fivefold. The third position in this ranking was taken by Norway (X litres), with a 1% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+98.9% per year) and Norway (-16.7% per year).

In value terms, Sweden ($X) remains the key foreign market for ethyl alcohol exports from Denmark, comprising 82% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 14% share of total exports. It was followed by Norway, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+90.1% per year) and Norway (-9.1% per year).

Export Prices by Country

The average ethanol export price stood at $X per litre in 2022, declining by -44.7% against the previous year. Over the period under review, the export price, however, posted notable growth. The growth pace was the most rapid in 2017 when the average export price increased by 145%. As a result, the export price attained the peak level of $X per litre. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per litre), while the average price for exports to the Netherlands ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ethanol Imports

Imports into Denmark

In 2022, the amount of ethyl alcohol imported into Denmark surged to X litres, picking up by 32% against the year before. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +112.1% against 2016 indices. The pace of growth was the most pronounced in 2020 when imports increased by 56%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, ethanol imports skyrocketed to $X in 2022. In general, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X litres), Belgium (X litres) and Germany (X litres) were the main suppliers of ethanol imports to Denmark, together comprising 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +37.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethanol suppliers to Denmark were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined 80% share of total imports.

Belgium, with a CAGR of +36.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ethanol import price amounted to $X per litre, rising by 18% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethanol import price increased by +59.9% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per litre), while the price for Belgium ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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